Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (41156)	11/22/2002 1:51:05 AM
From: augieboo	Respond to of 52237

It's not a target so much as a feeling. If I remember correctly, the post-911 rally had three things going for it: 1. Extreme compression caused by the terrorist attacks, which sped up the cratering which had already started; 2. The erroneous belief that the recession was ending/being avoided all together; 3. The patriotism factor. In contrast, as I look at it, that there was no reason for this rally to begin in the first place and no reason for it continue this far, so why can't it just consolidate a bit and keep on going, for the same non- reason? All along we thought that it would die "as soon as," i.e., -- as soon as the PPT stops pushing; -- as soon as the elections are over; -- as soon as we hit the Thanksgiving break. I have a new formulation I've come up with. This rally will die as soon as it can't go up any more, as soon as there is nothing da boyz can do to squeeze another nickle out of JQPublic, as soon as they are absolutely sure that they cannot possibly meet their goals of jacking up the indices to their predetermined targets -- whatever they are. JMDO, augie

To: ajtj99 who wrote (41156)	11/22/2002 8:00:00 AM
From: Jerry Olson	Read Replies (2) \| Respond to of 52237

ajtj... you've been bearish for months...i suggest you become more neutral or your going to lose your shirt.. this chart says we're going to 990/1000.. the SPX has a solid double bottom at 770/780 area then gave 3 consecutive buy signals and is now above that BRL line looking great.. 965 the next stop, then 1000... good luck OJ buyitbuyitsellitsellit.com